This study empirically examines the relationship between crime, deterrence and unemployment in Greece. A regional dataset over the period 1991-1998 was collected and analyzed. Our econometric methodology follows the Generalized Method of Moments (GMM) estimator applied to dynamic models of panel...

This paper investigates the impact of economics conditions (carrots) and sanctions (sticks) on murder, assault, robbery, burglary and motor vehicle theft in New York City, using monthly time-series data spanning 1974-1999. Carrots are measured by the unemployment rate and the real minimum wage;...